Rajputana Biodiesel IPO Subscription Status

Rajputana Biodiesel IPO GMP

Rajputana Biodiesel IPO Allotment Status

Rajputana Biodiesel IPO Subscription started on 26 November 2024 and will close on 28 November 2024. Rajputana Biodiesel plans to raise INR 24.70 crores via IPO. The price band is fixed at INR 123 – 130 per share. Rajputana Biodiesel IPO market lot has 1000 shares and the minimum application amount is INR 1,30,000. The retail quota is 35%, QIB is 50% and NII is 15%.

Check Rajputana Biodiesel IPO subscription status here. The subscription figures are taken from NSE SME and are updated at regular intervals. Here you can find Rajputana Biodiesel IPO subscription status segregated by days and investor categories.

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Rajputana Biodiesel IPO Subscription Status – Live Updates

The market maker reservation portion of 1,41,000 equity shares and anchor investors’ portion of 5,15,000 equity shares are not included in the above calculations.

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Rajputana Biodiesel – Business Background

Rajputana Biodiesel specializes in the production and supply of biofuels and their by-products, such as glycerine and fatty acids. The company is focused on increasing the value of these by-products while seeking export opportunities for biodiesel. Its manufacturing facility is situated in Phulera, Rajasthan, covering an area of 4,000 square meters, with an approved production capacity of 30 kiloliters per day (KLPD) and an installed capacity of 24 KLPD. As of 16 November 2024, Rajputana Biodiesel’s primary products include biodiesel, glycerine, and fatty acids, with the capability to process various feedstocks based on market needs.

The company secures orders through a competitive bidding process involving government Public Sector Undertakings (PSUs) as well as through targeted marketing efforts directed at private clients. As of 31 July 2024, Rajputana Biodiesel employed a workforce of 30 permanent staff members.

Also Read: Rajputana Biodiesel Anchor Investors Allocated INR 6.70 Crore

Investor Categories in Rajputana Biodiesel IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Rajputana Biodiesel IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

Read Also: SEBI Regulations on Stock Market Exchange

Rajputana Biodiesel IPO Subscription Status FAQs